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In return for ceding its claims in 1784, Virginia was granted this area to provide military bounty land grants. The Ohio district was a surplus reserve, in that military land grants were first made in an area southeast of the Ohio River, in what is now Kentucky. The Ohio land was to be used only after the land southeast of the river was exhausted.
The War Assets Administration (WAA) was created to dispose of United States government-owned surplus material and property from World War II. The WAA was established in the Office for Emergency Management, effective March 25, 1946, by Executive Order 9689, January 31, 1946. It was headed by Robert McGowan Littlejohn.
Through the government agency, Reconstruction Finance Corporation (RFC), Strandlund ultimately received over $37 million in loans plus a leased war surplus plant in Columbus, Ohio. This was the first venture capital loan made by the federal government. Initially, Strandlund was provided the availability of a war surplus plant in Chicago. [5]
The results far exceeded these expectations. The agency, made up primarily of civilians but with military from all the services, would administer the Federal Catalog Program, the Defense Standardization Program, the Defense Utilization Program, and the Surplus Personal Property Disposal Program.
The 1944 Surplus Property Act provided for the disposal of surplus government property. To deal with these disposals, numerous short-lived agencies were formed, such as the Surplus War Property Administration in the Office of War Mobilization (February – October 1944); the Surplus Property Board in the Office of War Mobilization and Reconversion (October 1944 – September 1945); and the ...
The NAR currently represents about 1.6 million Realtors, with 90% of agents cashing in an average commission of 5% to 6% — equal to $100 billion in annual commissions.
The Surplus Property Board (SPB) was briefly responsible for disposing of $90 billion of surplus war property held by the United States government in the final year of World War II. [1] Created by the Surplus Property Act of 1944 , [ 2 ] the Board functioned for less than nine months, before being replaced by a more streamlined agency.
This site was advantageous because it afforded immediate access to three important railroad lines. The U.S. Army Quartermaster Corps made the first purchase of land, 281 acres (1.14 km 2), to construct a government military installation in April, 1918. Warehouse construction began in May of that year, and by August, six warehouses were ...